- Prime long let HGV sales & service centre, index linked funding opportunity.
- Strategically located adjacent to the A66, 11 miles west of Teesport and 12 miles east of the A1(M).
- Pre-let to Scania (Great Britain) Limited for 15 years from practical completion, scheduled for July 2025.
- Initial rent of £730,000 per annum subject to 5 yearly CPI rent reviews (1%-3%).
- The subjects will extend to 26,920 sqft on a total site area of 6.27 acres.
- Projected low site cover of 7.25% giving potential for further development at lease expiry.
- Anticipated EPC A and BREEAM Very Good.
- Offers in excess of £11,030,000/ 6.50% assuming purchaser’s costs of 1.80%.